Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community polls, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

Help Naviance, a relative of College Confidential, fine-tune a design. You could receive a $10 gift card to Amazon. Start here: https://ethn.io/67193

Negative student account balance?

lostthegamelostthegame Posts: 1Registered User New Member
I have a negative balance in my student account due to financial aid covering all of the costs for Freshman Connection...

What do I do in this situation?
Post edited by lostthegame on

Replies to: Negative student account balance?

  • astrophysicsmomastrophysicsmom Posts: 4,326Registered User Senior Member
    Don't do anything for awhile; obviously you don't owe anything for the 8/20 due date. Financial aid will likely adjust everything to show a 0 balance.....unless you have actually paid money for something, you won't get a refund. It's not unusual for adjustments to be made to your account for the next 2-3 weeks, at least.
  • benandjerrysbenandjerrys Posts: 188Registered User Junior Member
    That's not necessarily true. I regularly received financial aid refunds and was even able to set up a direct deposit into my back account (this only works for FA negative balances). I believe they'll probably send you a letter in the mail about it. If you want to find out about it sooner, you can probably go visit the Lee building and talk to someone there.
  • n0vad3m0nn0vad3m0n Posts: 827Registered User Member
    Wait, I had financial aid to put me into the negatives but they recently just changed it so I have a zero balance? Does this mean I can't get it back? That money could be helpful for books and other things...
  • plumazulplumazul Posts: 1,725Registered User Senior Member
    ^ do you have an entry such as:

    201108 08/19/2011 FIN AID REF $x,xxx.00

    at the bottom of your Student Account Inquiry? If so, then a check for the amount is in the mail. :)
  • swimcatsmomswimcatsmom Posts: 15,394Registered User Senior Member
    Financial aid will likely adjust everything to show a 0 balance.....unless you have actually paid money for something, you won't get a refund.
    The COA generally includes expenses that are not direct charges from the school. FA awarded for these expenses will be paid to the student once all direct charges have been covered. My daughter always gets a "refund" of any aid in excess of direct costs to the school. (in her case she lives off campus so all the part of her aid related to room and board is paid to her and she uses it for rent, food etc).
  • n0vad3m0nn0vad3m0n Posts: 827Registered User Member
    @plumazul: Ah I understand now. But there's also another line that is listed as the name of my aid and instead of "Credit" it lists it as a "Charge." (it's a portion of my total aid) Any ideas on why this might be?

    P.S. I wasn't charged for Orientation for some reason...?

Sign In or Register to comment.